Question:

What is Singapore trading port?

by Guest22677551  |  1 year, 3 month(s) ago

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I am an internee journalist, my task is to write and gather updated information of the current happenings. I am wondering about what is Singapore trading port?

 Tags: Port, singapore, Trading

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  1. Guest22677552
    Before independence in 1965, Singapore was a vibrant trading port with a GDP per capita of $511, the third highest in East Asia then. After independence, foreign direct investment and a state-led drive for industrialisation based on plans by former Deputy Prime Minister Dr. Goh Keng Swee created a modern economy. After a contraction of -6.8% in the 4th quarter of 2009, Singapore claimed the title of fastest-growing economy in the world, with GDP growth of 17.9% in the first half of 2010.

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